Blackboxstocks Inc. (OTC PINK: BLBX) (“Blackbox”), a developer of real-time web and mobile based analytical software tools for stock and options traders, today announced that it has entered into an exclusive advisory agreement with Boustead Securities, LLC (“Boustead”), a full service middle market investment bank. The agreement was signed on March 5, 2019 and is for a term of 24 months.
Services to be performed by Boustead include assisting Blackbox with a private placement offering of up to $2.2 million for growth capital and to position the Company to qualify for an uplisting to a national exchange.
“We look forward to working with Boustead on these important initiatives,” said Gust Kepler, President and CEO of Blackboxstocks Inc. “Boustead has a great track record and specializes in working with many fast growing, early stage companies like ours. This interim round of funding will help facilitate our plans for growth and retiring debt prior to a planned secondary offering and listing on a national exchange.”
”Gust and his team have done a great job in building Blackboxstocks and we are privileged to help them with their private placement and future capital markets initiatives,” said Keith Moore, CEO of Boustead Securities, LLC
Blackboxstocks is a developer of real-time web and mobile-based analytical software tools for stock and options traders with a growing base of users that spans 42 countries. The Company provides its subscribers with a fully interactive chat and social media platform that is integrated into its analytics dashboard that allows users to exchange information and ideas quickly and efficiently through a common network. Blackbox is a SaaS model company with subscription fees of $99.97 per month or $959.00 annually.
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. Past performance is not indicative of future results.
About Boustead Securities, LLC
Member: FINRA/SIPC
Boustead Securities, LLC is an investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions. Our core value proposition is our ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit: www.boustead1828.com.
About Blackboxstocks, Inc.
Blackboxstocks, Inc. is a unique financial technology and social media platform that offers both web and mobile-based analytical software tools for stock and options traders of all levels. The Blackbox platform employs “predictive technology” enhanced by artificial intelligence to find volatility and unusual market activity that may result in rapid changes in a stock’s price. Long before the market opens, Blackbox servers drive proprietary algorithms at near light speed, similar to those used in “high frequency trading” (HFT), monitoring and analyzing over 13,000 stocks and options traded on the NYSE, NASDAQ, and OTC exchanges. Blackbox provides its users with a fully interactive chat and social media platform that is integrated into a simple and easy to use dashboard. Most recently, a live audio/video feature was introduced that enables subscribers to broadcast on their own channels in order to share trading strategies and market insight within the Blackbox community. For more information, go to: www.blackboxstocks.com
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